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Time is of the essence
An essential question of any watchlist screening program is “when”, which actually comes in two flavors: When does the company’s data need to be screened? When do watchlists need to be updated? I could...
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OSFI adds Midland Trust to Cumulative Warning List
Midland Trust, of 45 O’Connor Street in Ottawa, is not an authorized financial services firm in Canada. The Warning Notice notes that Midland Trust is different from Midland Trust Limited, which is a...
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OSFI Warning Notice for 7Inv.com
Another unlicensed financial services firm, this one out of Edmonton: Name and Address of Entity 7 Inv.com 15527 Stony Plain Road N.W. NE Corner 156 Street and 101 Ave. Edmonton AB T5P 3Z2 Web Address...
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FinCEN Imposes Section 311 Sanctions on Two Lebanese Concerns
The enhanced reporting measures for Kassem Rmeiti & Co. for Exchange and Halawi Exchange Co. are effective immediately for the next 120 days. Additionally, FinCEN is issuing a notice of proposed...
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OCC Catches Freedom 1st “Banking without a License”
In case, as part of your due diligence, you scan those lists of unauthorized financial institutions (the US and Canada have these lists, as well as a number of other places including Ireland and...
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OCC Counterfeit Checks: United Bank, West Springfield, MA
Alert 2014-12 Subject: Counterfeit Treasurer's ChecksDate: February 20, 2014 Description: United Bank Counterfeit Treasurer's Checks of United Bank, West Springfield, Mass. To: Chief Executive...
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OCC Counterfeit Check Alert: First National Bank of Bellevue, Bellevue, OH
Alert 2014-13 Subject: Counterfeit Official ChecksDate: February 20, 2014 Description: The First National Bank of Bellevue Counterfeit Official Checks of The First National Bank of Bellevue,...
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